Wednesday, June 09, 2010

OBAMACARE NAILS ITS FIRST “VILLAIN.” Virginia-based nHealth has announced that the uncertainties associated with ObamaCare are driving it out of the health care business.

[W]hat kind of insurance plans did nHealth offer? The kind of high-deductible, HSA-driven plans that put patients in charge of routine care and leaves insurance to cover the crises instead. They saved money while offering better pricing signals to hold down overuse of provider networks. In other words, nHealth was part of the real solution to “steeply rising health care costs,” and ObamaCare drove them out of business.
What’s particularly frustrating is that nHealth offers exactly the kind of health insurance I would buy if it were offered on the group market. Read the whole thing.

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